Dow Moves Lower, Eyes 3rd-Straight Weekly Win

Investors are digesting more jobs data today

Deputy Editor
Apr 6, 2023 at 12:02 PM
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This after the Dow Jones Industrial Average (DJI) is down double digits, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are seeing muted price action, as investors unpack more jobs data. The Dow is the only major benchmark in positive territory for the week, eyeing its third-straight weekly win.

Continue reading for more on today's market, including: 

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Options traders are targeting Costco Wholesale Corp (NASDAQ:COST) at five times the intraday average volume, with 22,000 calls and 35,000 puts exchanged so far. The weekly 4/6 475-strike put is the most popular, with new positions opened. COST is down 2.9% at $482.82, after the company announced lower comparable sales in March. Today's drop has COST back below its 20-day moving average. Year-to-date, the equity remains up 5.9%. 

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Guardforce AI Co Ltd (NASDAQ:GFAI) is at the top of the Nasdaq today, as it rebounds from yesterday's drop following C3.ai's (AI) dip and U.S. President Joe Biden's statement regarding AI. Up 55% at last glance, GFAI is trading at $13.84. Since the start of the year, the equity is up roughly 175%. 

The shares of Shotspotter Inc (NASDAQ:SSTI) are down 12% at $12.89 at last glance, after Craig-Hallum downgraded the stock to "hold" from "buy," with a price-target cut to $30 from $48. Trading at their lowest levels since October, SSTI is down 23.5% year-to-date. 
 

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